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(1 point) A government issues $6000000 of serial bonds paying interest at j1 = 4%, of which $2000000 is redeemed in 20 years,

DO not round numbers during intermediate steps and for the final answer. Thank you.

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Answer #1

we will value this bond as 3 diffrent bonds and add their values to arrive at the value of bond

value of bond is 2496700

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